International Companies
Reddit CEO calls TikTok a 'parasitic app'
Reddit CEO and co-founder Steve Huffman has lashed out at TikTok saying that it is “fundamentally parasitic” at an event late on Wednesday.
Microsoft lowers Q3 guidance as coronavirus interrupts supply chain
Tech giant Microsoft warned late on Wednesday that it was set to fall short of guidance on some of its third-quarter figures as a result of issues stemming from the Wuhan coronavirus outbreak.
Disney boss unexpectedly steps down
Disney boss Bob Iger announced unexpectedly late on Tuesday that he would be exiting the media company and stepping down as chief executive officer.
Amazon launches first Go Grocery store in Seattle
Amazon opened its first ever supermarket, the Amazon Go Grocery store on Tuesday in Seattle.
Last minute festive shopping spree boosts Macy's
A strong run up to Christmas helped Macy’s beat fourth-quarter forecasts, the American US department store chain confirmed on Tuesday.
Home Depot beats on earnings despite revenue drop
US retailer Home Depot beat expectations on the Street with its fourth-quarter figures on Tuesday, with chief executive Craig Menear crediting its significant investments for the strong performance.
HP reaches out to Xerox over $35bn hostile bid
HP is “reaching out” to Xerox over its rebuffed $35bn hostile takeover bid, the US tech giant confirmed, as it unveiled plans to return up to $16bn to shareholders.
UK contributes only 3% of European 'green' spending
British companies are contributing only 3% of the Continent's €124bn of green spending and lag behind European companies when it comes to low-carbon investment.
Mastercard cuts outlook as coronavirus hits travel
Mastercard has cut its financial outlook after the coronavirus reduced international travel and growth in internet spending.
UniCredit's Mustier withdraws from running for top post at HSBC
Italian bank UniCredit said on Monday that its current chief executive officer, Jean Pierre Mustier, will remain in his role.
Facebook to offer payment in return for users' voice recordings
Facebook is offering paying its users in exchange for personal information such as voice recordings in a move to directly compensate people for data harvesting.
New Mexico sues Google for harvesting minors' personal data
New Mexico Attorney General Hector Balderas sued Google 's search engine late on Thursday over the alleged harvesting of school children’s personal information without parent consent.
Construction of Tesla's Berlin Gigafactory approved despite environmental protests
A German court gave Tesla the green light to cut down trees to build its new European Gigafactory despite protests from environmental activists.
Hon Hai warns on revenues in wake of coronavirus
Hon Hai Precision Industry responded to media speculation about its revenue outlook on Friday, amid the ongoing outbreak of the Covid-19 coronavirus in China and east Asia.
Dialog Semiconductor swoops in for US rival Adesto Technologies
Reading-based Dialog Semiconductor will acquire US rival Adesto Technologies in an all cash transaction in order to accelerate its expansion into the market for the so-called 'Internet of Things'.
Google to move UK users' accounts outside EU jurisdiction
Google is planning to move its British users’ accounts out of the jurisdiction of the European Union privacy regulators and set them under US control instead, the company said.
L Brands to offload Victoria's Secret into private company
L Brands has agreed to offload its Victoria's Secret lingerie business into a private company in an attempt to revive the ailing brand.
Global demand for LNG hit 359m tonnes in 2019 - Shell
Global demand for liquefied natural gas (LNG) grew by 12. 5% to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook published on Wednesday.
Morgan Stanley to buy E-Trade in $13bn deal
Morgan Stanley has agreed to buy financial services company E-Trade Financial Corp. in a $13bn all-share deal.
Pesticide giants making billions from highly toxic chemicals
The world’s biggest pesticide firms are making billions of dollars every year from highly hazardous chemicals that are harmful for human health or the environment, according to an analysis by campaigners.